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Kailas Avhad
21 August 2014 at 18:01

Tax implication in foreign transaction

Respected Expert,

We are a software services provider company. Want to make a payment to our vendor who is giving similar services like software maintenance, Re-engineering, web designing. He is currently located in UAE and he is a Indian Non Resident. He provided bank details of UAE Bank our query is, how we can proceed for further payment. What will be the tax implication on us & on vendor ???


MK
21 August 2014 at 18:00

Pf withdrawal

Hi,

My PF withdrawal issue is as follows:
- I joined a MNC in India in July 2009, at that time withdrew the PF from my previous employer
- The MNC in India has its own PF trust
- In June 2014, just 1 month before completion of 5 years, I got transferred within the same MNC to its office in US
- So, technically, my last working day with MNC in India is 1 month short of completion of 5 years
- But I did not change company myself but was transferred within the same MNC to US
- Im planning to apply for PF withdrawal since there is no way for me to transfer the PF (as I came out of India)
- The PF withdrawal itself will happen after completion of 5 years
- Now, is my PF withdrawal subject to tax? If so, how much?
- Should I be penalized with tax when I do not have any other option?
Thanks in advance.
MK


satish
20 August 2014 at 17:11

Tds on salary

hi

please suggest tds on salary for 6 lakhs p.a how to calculat.. reply asap


Lalit Lawangale
19 August 2014 at 21:30

Pan not exist

HI I HAVE A VALID PAN ALLOTTED BY ITD FROM LAST 12 YEAR & ALSO MY EMPLOYER DEDUCT TAX & DEPOSITED TO PAN A/C.I HAVE FILED I T RETURN IN TIME EVERY YEAR MANUALLY. BUT WHEN I AM TRYING TO E-FILE MY RETURN FOR A.Y.2014-15,I GOT THE PROBLEM TAT THIS PAN DOES NOT EXIST.HOW IT IS POSSIBLE?
PL RESOLVE THE SOLUTION IF ANYBODY HAD FACE THE SAME PROBLEM.



Anonymous
19 August 2014 at 20:55

Request

Can I avail TO Deduct the LIC Premium of my Husband & my daughters, under 80C. How much the maximum amount of pemium I can vail.


q1w2e3r4t
18 August 2014 at 21:25

Taxation for online earners

Respected Sir / Madam,

I wish to earn online in India.


Plans include:

1) E-commerce
2) Pay Per Click kind of registration
3) Content based revenue generation

Kindly confirm the taxation rules.

(Assume net income as Rs. 1 - 4 Lac annually in each case.)

kindly confirm rules related to each tax - Sales Tax, Income Tax, TDS etc.

You are requested to kindly give as much details as possible.

Thanks in advance



Anonymous
18 August 2014 at 21:15

Request

Sir,I have recvd intimation u/s 143(1) of income tax 1961.I have file return within due date(28/07/2013).My taxable income is Rs 4,11,720/.Tax on total income Rs 21,807/which was deducted by Employer as per FORM 16.Now i recvd the above intimation.In that intimation the NET AMOUNT PAYABLE Rs 26,100/ was mentioned. What can I do?. please reply sir.


avtar
18 August 2014 at 14:34

Tutuion fee

as a tax payer under which section i can claim tution fee of my childern to get the tax relief



Anonymous
16 August 2014 at 20:04

Tds on payment to hotel.

Sir,
A company organises a meeting(get together party) for sales promotion of 150 persons in a hotel. The hotel raises bill charging Rs. 105000 including lunch & charges for catering services in hotel. The hotel also charged VAT on the above mentioned amount. Now my query is whether TDS is required to be deducted on this payment or not.if required then which head & section.



Anonymous

i have deducted tds & deposited but the amount was not credited in parties account what is the remedy .....?






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